Jan 28, 2016

WalMart Carnage: Stock Plummets Most In 17 Years After Slashing Earnings Guidance, Blames Wage Hikes | Zero Hedge

Do you see what happens Larry when Wal-mart succumbs to "progressive" pressure and hikes wages? This: WMT CFO: NEW HIRES TO START AT $10 PER HOUR NEXT YEAR WMT CFO: 2017 RISE IN WAGES TO COST $1.5B WMT PLANS REDUCTION IN CAPITAL EXPENDITURES THROUGH FY19 WAL-MART SEES FY2017 EPS DECREASING 6-12% VS FY2016 More from Reuters: Company says strong dollar expected to hurt full-year revenue by $15 bln...

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